Most Recent Documents for Southville International School and Colleges- Las Piñas

Kimberly Mae R. Aguidan
BSA IV
Chapter 1: Introduction to Consumption Taxes
Consumption Tax
occurs when on acquires goods or services by purchase, exchange or other means
a tax upon the utilization of goods or services by consumers or buyers
tax on the

Kimberly Mae R. Aguidan
BSA IV
CHAPTER 2: VALUE ADDED TAX ON IMPORTATION
Importation
refers to the purchase of goods including services by Philippines residents from non-resident
sellers. Importation is a form of domestic consumption; hence, it is subjec

Kimberly Mae R. Aguidan
BSA IV
CHAPTER 3: INTRODUCTION TO BUSINESS TAXATION
What is business?
is a habitual engagement in a commercial activity involving the sale of goods or services to
customers or clients
ESSENTIAL REQUISITES OF A BUSINESS
1. Habitual

Question
No.
Answer
Explanation
1
F
Discontinuance of active use does not
alter the classification of an asset.
F
A depreciable asset is an ordinary asset
even if it is fully depreciated.
F
Dealers in realty is not subject to capital
gains tax because
13

NAME : JULIE ANN G. PILI
NOEL ANGELO RIVERA
In connection with your audit of the financial statements of MA-CPA KO
PUHON CORPORATION for the year ended December 31, 2014, you conducted a
surprise count of the companys petty cash fund and other cash which

Corpuz, Job Angelo P.
Mrs. Trina Peralta
Business
ENTREPRENEURIAL VENTURES LO1
The origin of entrepreneurs were traders and merchants. It is said that the first
traders and merchants were from New Guinea around 17,000 BCE. They were trading
obsidian, a bl

Research Paper
Life and Works of Rizal
Submitted by: Cara Ariola and Juhyun Lee
Submitted to: Sir Rex Llonora
Topic: Education of Rizal
Introduction
Jose Protasio Rizal Mercado y Alonso, famously known as Dr. Jose Rizal, is the national hero
in the Philip

Notes rec
Likely to be interest bearing. Statute of frauds- for interest to be enforceable must be in writing
Measurement at FV + transaction cost
Note issued solely for cash FV is cash proceeds from prospective of borrower.
Issued for non cash item Cas

Fraud and error
Material misstatement any item inappropriately misstated in FS
Comes from FRAUD, ERROR, and NON-COMPLIANCE
Auditor is expected to prevent fraud and error, detect fraud.
But objective is reasonable assurance that FS is free from material mi

REVIEW ON OBLIGATIONS AND CONTRACTS
Obligation juridical necessity to give to do and not to do.
OBLIGATIO tying or binding.
Juridical necessity can demand in court.
4 basic kinds of obligation
1. CIVIL OBLIGATION - Can demand in court
2. Natural obligatio

Problem 1
In auditing the books of Sta. Monica, Inc. for 2017, you find that a petty cash fund of
P25,000 is maintained on the imprest basis, but the company has failed to replenish the
fund on December 31. Replenishment was made and recorded on January 1

Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by Ca

SOUTHVILLE INTERNATIONAL SCHOOL AND COLLEGES
AUDITING PROBLEMS
COMPREHENSIVE EXAMS
1.
Effects of Errors on Net Income. State the effect (over, under, or no effect) of
each of the following errors made in 2014 on the 2014 and 2015 net income:
Description o

INCOME TAXATION
Limitations of the Taxation Power
CHAPTER 1
A. Inherent Limitations
< P E N-d I
T>
Taxation as a:
1. P ublic Purpose
1. State power inherent power to
2. Exemption of the government
enforce proportional contribution
3. N on delegation of th

HANDOUT NO. 8P
Features of a Limited partnership
1) Statutory requirements
a) signed and sworn to by all the partners
b) filed before the SEC. (Art. 1844 NCC).
It is not created by mere voluntary agreement.
Formal proceeding is necessary.
2) Only the gen

HANDOUT NO. 4P
A. Universal Partnership
Points of Distinction
As to what is
contributed
As to what passes to
the partnership
Universal Partnership of
ALL PRESENT
Property
All the properties contributed
plus the profits of said
contributed properties (not

MEJOS, Elaine Mae Mejos
BS Accountancy III
14-0182C
Accounting Information Sytems
Activity 1
Business Organization as a System
Different Types of Business Organization
1. Sole Proprietorship: A sole proprietorship is one person alone. He or she will
have

Mejos, Elaine Mae M.
BS Accountancy II
14-0182c
Physical Science
1. Discuss the correlation between population growth and environmental degradation.
Land Use
Fulfilling the resource requirements of a growing population ultimately requires some form of lan

MEJOS, Elaine Mae Mejos
BS Accountancy III
14-0182C
Accounting Information Sytems
Activity 1
Business Organization as a System
Different Types of Business Organization
1. Sole Proprietorship: A sole proprietorship is one person alone. He or she will
have

Jardio, Jeraldine M.
Mejos, Elaine Mae
Microeconomics
1. Identify 2-3 factors that affect Demand for Oil (should include the major
global economies - US, China, Europe, Asia-Pacific).
- What is the effect of each of these major economies affect the Demand